Sunoco Lp/Sunoco Fin Corp Stock Price, News & Analysis

Energy Transfer (NYSE:ET) has announced that its subsidiary, Transwestern Pipeline Company, is launching a binding open season for the Desert Southwest expansion project. The project aims to expand natural gas transportation from the Permian Basin to markets in New Mexico and Arizona.

The expansion includes construction of new large-diameter pipeline, compression, and metering facilities with a capacity to transport minimum 1.5 billion cubic feet per day of natural gas. The company has already secured sufficient binding commitments to proceed with the project, which is expected to be completed in Q4 2029, subject to regulatory approvals.

Parkland Corporation (TSX: PKI) and Sunoco LP (NYSE: SUN) announced a significant milestone in their pending acquisition transaction. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, marking a crucial regulatory approval for the deal.

The transaction is expected to close in Q4 2025, subject to additional regulatory approvals and customary closing conditions. This development represents a key step forward in Sunoco's acquisition of Parkland.

Sunoco LP (NYSE: SUN) and Parkland Corporation (TSX: PKI) announced a significant milestone in their pending acquisition deal. The companies have cleared the Hart-Scott-Rodino Antitrust waiting period, marking a crucial regulatory approval for the transaction.

The acquisition is now expected to close in Q4 2025, subject to additional regulatory approvals and customary closing conditions. This development represents a key step forward in Sunoco's strategic acquisition of Parkland.

Parkland Corporation (TSX: PKI) has announced the mailing of a letter of transmittal and election form related to the previously announced Sunoco Arrangement. The document outlines three consideration options for shareholders:

1. Combination Elected Consideration: C$19.80 in cash and 0.295 Sunoco common units
2. Cash Elected Consideration: C$44.00 in cash
3. Unit Elected Consideration: Approximately 0.536 Sunoco units

The letter is for registered shareholders only, while beneficial shareholders should contact their intermediaries. If shareholders don't submit a properly completed form by the Election Deadline (to be announced), they will automatically receive the Combination Elected Consideration.

Sunoco LP (NYSE: SUN) has announced the pricing of an upsized private offering of 1.5 million Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units at $1,000 per unit, raising gross proceeds of $1.5 billion. The offering, upsized from an initial 1 million units, features a 7.875% distribution rate through September 2030.

The proceeds will primarily fund the previously announced Parkland Corporation acquisition, alongside proceeds from separate note offerings totaling $1.9 billion. The Series A Preferred Units include a special mandatory redemption provision if the Parkland acquisition is not completed by May 5, 2026. Distributions will be paid semi-annually starting March 18, 2026, with a reset rate after September 2030 based on the Five-Year U.S. Treasury Rate plus 4.230%.

Sunoco LP (NYSE: SUN) has successfully priced an upsized private offering of senior notes, consisting of $1 billion of 5.625% senior notes due 2031 and $900 billion of 5.875% senior notes due 2034. The offering, initially planned for $850 million each, was increased due to demand.

The proceeds will primarily fund the pending Parkland Corporation acquisition, alongside the previously announced Preferred Equity Offering. Prior to the acquisition closing, funds will temporarily reduce revolving credit facility borrowings. The notes include a special mandatory redemption provision if the Parkland acquisition isn't completed by May 5, 2026.

Sunoco LP (NYSE: SUN) has announced a private offering of 1,000,000 Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units. This offering is part of the financing strategy for Sunoco's acquisition of Parkland Corporation.

The proceeds will be combined with two concurrent senior notes offerings totaling $1.7 billion ($850 million each for 2031 and 2034 notes) to fund the Parkland Acquisition. Prior to the acquisition's closing, the proceeds will temporarily reduce revolving credit facility borrowings.

The Series A Preferred Units include a special mandatory redemption provision at $1,000 per unit if the Parkland acquisition is not completed by May 5, 2026, or if the arrangement agreement is terminated.

Sunoco (NYSE: SUN) has announced a private offering of senior notes, consisting of $850 million in notes due 2031 and $850 million in notes due 2034. The proceeds will primarily fund the cash consideration for Sunoco's acquisition of Parkland Corporation and temporarily reduce revolving credit facility borrowings.

The notes include a special mandatory redemption provision if the Parkland Acquisition is not completed by May 5, 2026, or if the arrangement agreement is terminated. The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Energy Transfer (NYSE:ET) has announced the pricing of $2.0 billion in junior subordinated notes due 2056, split between two series. The Series 2025A notes total $1.2 billion with a 6.500% interest rate, while Series 2025B notes amount to $800 million with a 6.750% interest rate.

The offering is expected to settle on August 25, 2025. Energy Transfer plans to use the net proceeds of approximately $1.98 billion to repay borrowings under its revolving credit facility and for general partnership purposes. The company operates one of the largest energy asset portfolios in the US, with 140,000 miles of pipeline across 44 states.